Posts tagged ‘Colombia’

The Louisiana Offshore Oil Port has seen a month-on-month drop in heavy Latin American crude imports, impacted by high regional prices and falling Venezuelan crude production.

Month on month, LOOP has imported about 355,740 fewer barrels so far in September than it did in August, according to data from Platts Analytics and US customs. The 3.089 million barrels imported into LOOP during September include Mexican, Brazilian, Colombian and Venezuelan heavy sour grades.

The availability of cheap ethanol has become a contentious issue in the United States. While American drivers may see the benefits of supplies from the most efficient ethanol producer on earth, meaning that the fuel in their car may be cheaper, for producers and farmers, lower prices are not always better.

After opening 2017 with renewed optimism amid signs of economic recovery and an improved political landscape, Latin American polymer market participants now find themselves stuck with some of the same issues they had hoped to shed as they enter the second half of the year.

Lackluster demand in key markets has persisted, and renewed political and currency concerns in Brazil are leading to a pessimistic outlook for the region, sources said.

After a much-celebrated turnaround in increasing oil production, Colombia reversed course last year. In this week’s Oilgram News column, Regulation & Environment, Chris Kraul talks with a key Colombian official on reversing that slide.

Just a few years ago, Colombia was being touted as one of the most successful countries in attracting foreign capital and then in turn boosting its output with that new funding. But things have turned, as Chris Kraul discusses in this week’s Oilgram Newscolumn, Regulation & Environment.

The looming changes in Mexico’s oil patch have the potential to negatively impact what has been a Latin American success story: Colombia. In this week’s Oilgram News column At the Wellhead, Chris Kraul looks at the issue with an experienced Colombia oil hand.

Colombia put in reforms to its oil industry more than 10 years ago, and it’s been reaping the rewards of that over the past few years. In today’s Oilgram News column Petrodollars, Bogota correspondent Chris Kraul reviews what may lay ahead for the country, and its state oil company Ecopetrol.

Two new arbitrages have opened in the last month for two vastly different crude markets, both created by the abundant supply coming out of North America’s ever-growing production and low seasonal demand.

Indian Oil Corp. bought a cargo of White Rose crude oil on November 21, marking the first time the state-owned company reached out to the Canadian East Coast for crude supply.